The time now is Mon Oct 15, 2018 11:44 pm | Log in to check your private messages
View unanswered posts
crimefile Forum Indexcrimefile Forum Index
Memberlist Usergroups Register Log in

Scarfo's and Pelullo's back at it again!!!
Post new topic   Reply to topic    crimefile Forum Index » 23 Wall
View previous topic | View next topic  
Author Message
FINCEN
Administrative Assassin


Joined: 08 Mar 2006
Posts: 1351

PostPosted: Thu Sep 03, 2009 10:08 pm    Post subject: Scarfo's and Pelullo's back at it again!!! Reply with quote

Nearly $5 million mob-linked fraud cited

Nicodemo S. Scarfo and a Montco man are accused of taking over a Texas financial firm. A bankruptcy trustee totaled their alleged take.

By George Anastasia
Inquirer Staff Writer

A federal bankruptcy trustee in Dallas has put a dollar figure on a multistate financial-fraud investigation linked to mobster Nicodemo S. Scarfo and Elkins Park business consultant Salvatore Pelullo.

The trustee has alleged the two men, through companies they controlled, took at least $4.86 million out of FirstPlus Financial Group, a company based in Irving, Texas.

Those business deals are the focus of the ongoing fraud investigation by the FBI, according to law enforcement sources familiar with the probe.

FirstPlus Financial filed a Chapter 11 bankruptcy reorganization petition June 23 in Dallas.

Filings in that case this month offered insights into that investigation, which became public when the FBI staged raids in Philadelphia, Miami, South Jersey, and Texas last year.

On Aug. 7, lawyers for Matthew D. Orwig, the court-appointed trustee, asked for bankruptcy court authorization to investigate "insider transactions" that occurred after "a group of individuals allegedly associated with Salvatore Pelullo assumed control" of FirstPlus in 2007.

The trustee alleges at least $4.86 million and 1.6 million shares of company stock were transferred to companies believed to be controlled by Pelullo and Scarfo.

Authorities with the U.S. Attorney's Office in Camden, which is coordinating the FBI investigation, have declined to comment on the probe, but sources familiar with it say indictments are expected this year.

In his Aug. 7 motion, the bankruptcy trustee identified Pelullo, former FirstPlus chief executive officer John Maxwell, and Maxwell's brother William, who was special counsel to the company, as "targets of the federal grand jury investigation."

The motion also articulated the underlying criminal allegation in the probe: that beginning in June 2007, "the Philadelphia LCN [La Cosa Nostra] family, through the Maxwell Group, took over" FirstPlus Financial.

Pelullo and Scarfo, through their attorneys, have denied any wrongdoing.

John Maxwell has said he did nothing improper and has countercharged that federal authorities helped his corporate rivals gain control of the firm.

William Maxwell, in a telephone interview this month, said he had done nothing wrong. What's more, he said, FirstPlus owes him more than $1 million.

"The government can do what it wants to do," said the lawyer, who heads a group of creditors, including Pelullo's wife, Svetlana, who are challenging the bankruptcy proceeding. "Once they do, then it's my turn to respond in court."

The Maxwell brothers became active in the company in the summer of 2007. At that time, John Maxwell became president, chief executive officer, and a member of the board of directors.

Harold Garber, an Atlantic County lawyer who had represented mob boss Nicodemo "Little Nicky" Scarfo and Scarfo's nephew and underboss Philip Leonetti, was appointed chairman of the board.

In August 2007, just two months after being appointed, Garber died of cancer. How and why a criminal lawyer who represented prominent South Jersey mob figures was tapped to serve on the board of a Texas financial firm remains one of the unanswered questions in the FBI investigation.

Garber's law license was suspended for a year in 1984 for ethics violations. He was cited for simultaneously representing Leonetti, who had been charged in a murder case, and a witness against Leonetti. After the witness recanted his testimony, the charges against Leonetti were dropped.

Pelullo, 43, who has two convictions in financial-fraud cases, has been described by John Maxwell as a consultant for FirstPlus.

Others familiar with the company have said Pelullo was a behind-the-scenes decision-maker during the period under investigation.

According to associates, Pelullo has said he is a cousin of Nicodemo S. Scarfo, the son of the jailed mob boss. But authorities believe there is no blood relationship.

The younger Scarfo, 44, survived a mob assassination attempt in 1989 and has been identified as a soldier in the Lucchese crime family. He has served federal prison time on gambling and racketeering charges.

Authorities believe Pelullo and Scarfo were behind a series of deals in which FirstPlus bought mortgage, development, and rehab firms that the two had set up in Philadelphia and New Jersey.

The insider transactions outlined in the trustee motion include:

A "special counsel" legal-services agreement between FirstPlus and William Maxwell in which Maxwell was to be paid "at the astronomical rate of $100,000 per month." Among other things, Maxwell was to hire and manage "outside consultants" to perform work for the company.

A consultant agreement between Maxwell and Seven Hills Management L.L.C., a Pelullo company. "This consulting arrangement with Pelullo and his subsequent involvement in the operations" of FirstPlus and its subsidiaries "was never disclosed" to company shareholders, the trustee alleges.

The purchase of Rutgers Investment Group L.L.C. for $1.825 million and 500,000 shares of company stock from Pelullo's Seven Hills Management and Learned Associates of North America, a company authorities believe Scarfo controlled.

The purchase of Globalnet Enterprises L.L.C. for $3.04 million in cash, a $1.495 million loan note, and 1.1 million shares of company stock. Globalnet was also owned by Seven Hills and Learned Associates. An FBI wiretap in an unrelated case in New Jersey included a conversation in which Scarfo identified Globalnet as his company.

In a counterclaim filed Aug. 17, William Maxwell said the facts cited by Orwig, the bankruptcy trustee, were false and misleading. He described Orwig, a former federal prosecutor, as the "alter ego" for prosecutors in U.S. Attorney's Office in Camden who are investigating FirstPlus.

Lawyers familiar with that investigation say authorities have been following a paper trail that they believe will show Pelullo and Scarfo looted the company.

Most of those documents were seized during FBI raids in May 2008 in Texas, New Jersey, and Philadelphia.

The investigation centers on allegations of bank fraud, wire fraud, mail fraud, interstate transportation of stolen property, money laundering, and racketeering, according to the search warrants used to launch those raids.

The warrants named more than three dozen companies and individuals. In addition to FirstPlus offices in Irving, Texas, authorities raided Scarfo's home in Egg Harbor Township, N.J.; Pelullo's home in Elkins Park; and the office of Scarfo's longtime attorney, Donald Manno, in Cherry Hill.

Other documents in related cases indicate that authorities are tracking several mortgage deals and real estate transactions in South Jersey and Philadelphia. These include Scarfo's purchase in March 2008 of a $715,000 home on Hartford Drive in Egg Harbor Township, the home that was raided two months later. Scarfo's mortgage was reportedly arranged through the Rutgers group.

What or who led Pelullo and Scarfo to FirstPlus Financial in 2007 is another unanswered question.

FirstPlus, once a high flier in the subprime mortgage-lending business, collapsed after the economic downturn in the late 1990s.

Several of its subsidiaries have been tangled in civil litigation and bankruptcy for 10 years. The company's stock, once trading for nearly $50 a share, sells for pennies and is no longer listed on any major stock exchange.

But around 2006, shortly before Pelullo became a company consultant, FirstPlus began receiving an influx of cash, residuals from mortgages let during the 1990s.

That cash, which according to the bankruptcy trustee could total about $50 million, financed the deals now under investigation.
...
View user's profile Send private message Send e-mail
Back to top
FINCEN
Administrative Assassin


Joined: 08 Mar 2006
Posts: 1351

PostPosted: Thu Sep 03, 2009 10:09 pm    Post subject: Pellulo and Scarfo (Recap) Reply with quote

FBI informant still free and, some say, still swindling
Bergen con man cut a deal 8 years ago but has yet to be sentenced
08/19/01
BY MARK MUELLER
STAR-LEDGER STAFF
For two years, authorities say, Thomas J. Giacomaro and his partners in crime soaked up cash.
A half-million here. A few million there. A banner score in Florida - more than $30 million, by one estimate.
Masquerading as legitimate businessmen, authorities say, they'd buy up trucking companies, loot them and leave them bankrupt.
But by 1993, the FBI had caught on. Giacomaro, a Bergen County con man fond of $1,000 suits, fancy cars and extravagant nights on the town, cut a deal with federal prosecutors to put his cohorts away. Instead of a lengthy prison term, the newly minted informant would face no more than five years behind bars. Eight years later, Giacomaro has yet to be sentenced. More significantly, lawsuits filed against him in state and federal court since 1996 contend he has continued to engage in fraud, cheating investors out of millions of dollars, even as he has milked the government for his freedom.
An examination of Giacomaro's case raises ethical questions for the FBI and suggests the U.S. Attorney's Office in Newark failed to act when allegations surfaced of new wrongdoing by Giacomaro. Federal prosecutors also moved slowly in arranging Giacomaro's sentencing after his cooperation ended.
Among The Star-Ledger's findings:
A New York man who invested $50,000 with the informant says he complained to federal prosecutors by letter and by phone in 1997 that Giacomaro was swindling people. Assistant U.S. Attorney Jose Sierra, the prosecutor assigned to the case, said he does not recall a letter or phone call from the man, Michael DeBlanco of Warwick, N.Y.
In a July 20, 1999, legal response to a civil suit filed in Essex County, Giacomaro touched on his cooperation with the government, saying his assistance was "substantially complete." Yet his sentencing, now set for Sept. 6, was not scheduled until after The Star-Ledger contacted the U.S. Attorney's Office about him last month.
Giacomaro's former FBI handler, Harry Mount, left the bureau to work for a company with which the informant has been closely affiliated. Lawsuits and investors in the firm, Wellesley Services LLC of Montvale, say Giacomaro served as the company's key decision-maker and de facto president until at least 1999, a contention Wellesley officials deny.
The U.S. Attorney's Office acknowledges it knew about two of the civil suits involving Giacomaro. One of those suits, filed in federal court in New Haven, Conn., in November 1999, accuses Giacomaro of fraud and raises the specter of tax evasion.
The suit by Reme Associates contends that Giacomaro, who at one time owed the Internal Revenue Service $2 million, used Wellesley bank accounts as a personal slush fund to pay his family's prodigious bills, from lawn care to electric service to the $87,000-per-month mortgage on a Bergen County property owned at the time by his wife, Dorian M. Hayes.
The lawsuit, drawing on internal Wellesley documents, also charges that the company funneled Giacomaro's enormous salary through his wife and children to conceal his true role with the firm. Wellesley contests the authenticity of the documents.
In addition, the suit contends, Giacomaro lied to clients of Wellesley - which brokers the sale of small companies to larger ones, mostly in the waste industry - to avoid paying millions of dollars that Wellesley owed those clients.
The Reme lawsuit, settled weeks after a federal judge froze $34 million in Wellesley accounts, is one of at least five civil suits accusing Giacomaro of fraud, theft and other wrongdoing.
The FBI, in its first year under new guidelines for handling informants after a series of troubling abuses in recent years, has declined to comment on its relationship with Giacomaro or on the departure of Mount, a special agent in the Newark office and former spokesman for the bureau in Washington, D.C.
Michael Drewniak, a spokesman for the U.S. Attorney's Office, said confidentiality rules set by the Justice Department prevented him from commenting specifically on the Giacomaro case.
In general, Drewniak said, the U.S. Attorney's Office examines any allegations of wrongdoing to determine whether they are provable in federal court. In some cases, he said, referrals are made to other investigative agencies.
Drewniak would not say whether referrals were made in the Giacomaro case or whether federal prosecutors investigated the issues raised by the Reme Associates lawsuit in Connecticut.
Giacomaro, meanwhile, enjoys his freedom in a gated, $2.4 million home on two manicured acres in Saddle River. He has recently been seen driving a Porsche. A Ferrari is registered to his wife, who is entwined in her husband's business dealings and who has been named as a co-defendant in at least two lawsuits charging that stolen money was funneled to her.
Giacomaro, 48, declined to comment for this story. His lawyer, Cathy Waldor, denied he engaged in criminal acts.
THE QUINTESSENTIAL SALESMAN
Balding and physically unimposing at 5 feet 9, Giacomaro exuded the confidence of a fast-talking salesman even early in his career, say those who know him. He favored long cigars and drove a black Mercedes he claimed was bulletproof, spoke of socializing with mobsters and played the big spender at restaurants and bars, doling out $100 tips.
That lifestyle carried over into Giacomaro's years as an informant, a period that spans six chiefs of the FBI's Newark office and three U.S. attorneys.
It was Michael Chertoff, New Jersey's U.S. attorney from 1990 to 1994 and now the head of the Justice Department's criminal division, who first approved the use of Giacomaro in 1993, court documents show.
For years, the FBI had been investigating so-called "bustouts," illegal schemes in which companies are bought, primarily on credit, drained of cash and assets and allowed to collapse. The scams were most prevalent in the trucking industry in the late 1980s and early 1990s, a time of flux for transportation companies in the wake of government deregulation.
According to Giacomaro's letter of cooperation with the government - an eight-page document that spells out the charges against him and the assistance expected - the Bergen County man played a role in bankrupting some of the nation's largest trucking firms. Tens of millions of dollars disappeared. Thousands of people lost their jobs. A bankruptcy trustee in Florida estimated that as much as $36 million vanished from one company alone.
Despite that track record, Giacomaro was a less attractive target than his partner in some of the ventures.
Leonard A. Pelullo, a Miami-based entrepreneur who built a financial empire through fraud, has been described in reports by New Jersey's State Commission of Investigation and the Pennsylvania Crime Commission as an associate of the Scarfo organized crime family in Philadelphia.
Giacomaro's letter of agreement called for him to turn over documents, to testify before grand juries and to introduce undercover officers to wrongdoers.
The letter does not name Pelullo, but a transcript of Pelullo's federal court sentencing mentions Giacomaro's cooperation. In addition, Waldor, Giacomaro's defense lawyer, said her client "put Lenny Pelullo away."
The crime to which Waldor referred was the looting of Compton Press, a Morris Plains printing company. In November 1996, a federal jury in Newark convicted Pelullo, now 51, of stealing more than $4 million from the company, which closed in 1991. Pelullo is serving a 17-year prison term.
Giacomaro also aided the government in the prosecution of Thomas Barnetas and G. Harry Kapralos, his partners in the pillaging of a Newark air freight company, Imperial Air Freight. Kapralos, a Long Island lawyer, is serving a 10-year term for Imperial and other crimes. Barnetas, a Long Island businessman, was released in 1999 after five years in prison.
Three months after the group took control of Imperial, it went out of business, its pension fund looted.
On April 10, 1996, three years after he began feeding information to the government, Giacomaro pleaded guilty to a single count of embezzling from Imperial. Under the deal, he would face no more than five years in prison, his participation in other bustout schemes across the country forgiven.
Prosecutors also indicated they would seek leniency if Giacomaro continued to aid them and if he refrained from criminal activity.
His sentencing was scheduled for July 10, 1996. It never took place. The U.S. Attorney's Office, again citing confidentiality, will not explain why.
Moreover, all documents relating to Giacomaro's plea agreement remained sealed for three years, from April 1996 until August 1999, at the request of Sierra, the assistant U.S. attorney, and his boss, Faith Hochberg, who replaced Chertoff as U.S. attorney in 1994.
Both Chertoff and Hochberg, now a federal judge, declined comment.
STEPPING OUTSIDE THE LINES
Giacomaro grew up in Clifton, the son of an accountant and a homemaker. His work history, as outlined in a Dun & Bradstreet report, shows he took his first job in the trucking industry as a dispatcher at age 19. Later, he became a salesman for several companies, bringing in new accounts.
In November 1992, Giacomaro declared personal bankruptcy. By then a father of three with his first wife, Debra, he reported assets of $20,300 and liabilities of $4.5 million, most of it in mortgages on trucking warehouses and homes, bankruptcy records show. He was living with his parents and claimed to have just $100 on hand.
Many of those who have dealt with Giacomaro say they don't know what to believe about him.
They say he claims to have earned a master's degree from Fairleigh Dickinson University and that he kept a framed diploma from the school on the wall of his office at Wellesley. But an FDU spokeswoman, Gretchen Johnson, said she could find no record of Giacomaro ever attending the school.
They say he has boasted that he ran numbers for North Jersey wiseguys as a young man and that he has a personal relationship with mobsters, a claim his lawyer said is "absolutely not true."
Whether bluff or not, Giacomaro has had his share of dealings with organized crime. Even before his alliance with Pelullo, records show, Giacomaro was a partner in a Clifton trucking and brokerage firm with Frank Camiscioli, a reputed member of the Genovese crime family.
Camiscioli, jailed in 1991 for running a gambling ring with two sons of North Jersey mob boss Louis "Streaky" Gatto, has since died.
Camiscioli and Giacomaro's company, Lone Star Transportation Inc., declared bankruptcy in 1985.
There have been numerous brushes with the law as well.
In addition to his bustout schemes, Giacomaro pleaded guilty to unlawful possession of a handgun in Passaic County in 1991 and to drunken driving in Ocean County in 1997, records show.
He also has been jailed in Bergen County for failure to pay child support to his first wife, who took out an order of protection against him in 1989.
Most recently, Giacomaro was charged in July of last year in a domestic violence incident with his second wife, Hayes, with whom he has four children. The count was dismissed a month later.
Waldor, the defense lawyer, said Giacomaro and Hayes, married in Michigan in 1994, simply had a fight. "They're very much together," she said.
OTHER PEOPLE'S MONEY
The civil suits arrayed against Giacomaro charge his wrongdoing began soon after he came into the government fold in 1993.
That's the year he became involved with Mayfair Investment Corp. of Wayne. In court papers, Giacomaro describes Mayfair, now defunct, as an investor-driven vehicle for buying businesses and investment properties.
Richard and Alida Quirk contend it was Giacomaro's personal piggy bank. The Quirks, initially impressed with Giacomaro, now call him a crook, albeit an awfully smart one. They filed suit against him in 1999.
"I think he's a genius," said Richard Quirk, 67, of Washington Township in Bergen County. "He must have told me 3,000 lies, and he managed to keep track of all of them. He's the epitome of someone who can manipulate, who can charm, who can walk into a room and take it over."
The couple met Giacomaro when, approaching retirement, they sought to sell four funeral homes they owned in Bergen County.
Giacomaro persuaded them to lend him $1 million from the sale of one of the funeral homes and to sell the rest of them to his partner in Mayfair, David T. Lardier, a Nutley businessman. By November 1995, the suit contends, the funeral business was bankrupt and Mayfair was out of cash.
Despite their losses, the Quirks continued to invest with Giacomaro, saying he promised to win back their money in 1995 through a new venture, Wellesley Services.
The Quirks, Giacomaro allegedly told them, would be 50 percent owners in Wellesley, a company that would engage in so-called "rollups," packaging small companies together for purchase by larger companies in the waste field.
Wellesley eventually would go public, Giacomaro assured them, bringing them as much as $27 million, the Quirks contend.
Over time, the suit contends, they turned over more than $400,000 to Giacomaro and Wellesley and pledged millions more as collateral on loans to the company.
"People have asked me, 'How did you ever let this man take you?'" Richard Quirk said. "I was raised by two wonderful, honest parents. I live in a world - call it a vacuum if you want - of honest and trusting people. There's still a lot of us sprinkled out there who are like that."
His own faith in people notwithstanding, Richard Quirk said, Giacomaro was just plain charming.
"He wined and dined us, told us what he makes, we make," Quirk said. "He invited us to his wedding. He had us over to his home." Quirk said Giacomaro carried a rosary in his wallet and kept a small religious statue on his desk. But there was another Thomas Giacomaro, the Quirks said.
The ultra-materialist who tooled around town in Jaguars, Bentleys and Hummers. The callous thief who listened, stone-faced, as Alida Quirk pleaded with him for cash to pay the gas bill.
"We lost everything," said Alida Quirk, 56. "We've had to beg and borrow from our children just to get by. And he lives like a king. Something is not right with that."
In 1999, their savings depleted and their credit ruined, the Quirks filed suit against Giacomaro in Bergen County Superior Court. Among the other defendants are Mayfair, Wellesley and a Wellesley affiliate, Windham Associates. The suit is pending.
Michael DeBlanco had more success in his dealings with Giacomaro, but only after his actions struck close to home.
DeBlanco, a Warwick, N.Y., resident introduced to Giacomaro by the Quirks, said Giacomaro persuaded him to lend Wellesley $50,000 in March 1996.
By November 1997, DeBlanco still hadn't received his initial payment or the 15 percent interest he was promised, he said. It was around that time he learned of Giacomaro's criminal history.
Furious, DeBlanco said, he told Giacomaro that he planned to contact his "friends" at the U.S. Attorney's Office. Then, DeBlanco said, he followed through, writing a letter to Jose Sierra, the assistant U.S. attorney, complaining that Giacomaro was engaging in fraud.
He said he followed the letter up with several calls. Eventually, he said, he reached Sierra on the phone.
"I told him Giacomaro was conning people again," DeBlanco said, "and Sierra said, 'Well, we'll look into that.'"
Sierra said he does not recall DeBlanco.
"I'm not saying it definitely didn't happen," Sierra said, "but I'm drawing a complete blank on that name or getting a letter from anybody by that name.
"If I had gotten the letter, something would have been done."
DeBlanco said he also spoke to Wellesley officials to complain about Giacomaro and his criminal history.
Early the next year, as DeBlanco prepared to file suit, Wellesley paid him in full.
Wellesley's legal entanglements - and the allegations against Giacomaro - would continue.
Some of the most damning allegations against him were outlined in a suit filed in 1999 by Reme Associates of Hartford, Conn.
Reme's dealings with Giacomaro came against the backdrop of big business, as Giacomaro and Wellesley brokered the sale of small waste and recycling companies from across the Northeast to Allied Waste Industries Inc., one of the country's biggest waste firms.
Reme, whose owners sold two companies to Allied through Wellesley, claims in its suit that Giacomaro not only failed to make good on some $10 million in promised fees, but that he used the bank accounts of Wellesley, Windham Associates and its affiliates as a slush fund to finance his lavish lifestyle.
The suit, filed in New Haven, alleges that Wellesley and Windham paid vast sums of money to his wife and children, provided his family with 15 luxury cars and shelled out $87,000 per month for the mortgage on a property down the block from Giacomaro's Saddle River mansion. Giacomaro told associates that he and his wife planned to move into the estate after its completion.
Other payments cited include electric service, lawn care and phone service at Giacomaro's house; magazines for his wife; and piano lessons, baby-sitting expenses and private school tuition for the couple's children.
Keith Moody, Wellesley's former president and now its managing member, insisted in an interview that Giacomaro is not, as the various suits charge, a shadow president who controls Wellesley.
"Because commercial litigation is under way, I can't really discuss the cases, but what I can tell you is that although Mr. Giacomaro worked with us as a consultant on some transactions that closed in 1998 and 1999, we have terminated our relationship with him, and a shadow president is an interesting characterization for a former consultant we have no relationship with," Moody said.
Pressed about claims by the Quirks and by DeBlanco that Giacomaro solicited cash for Wellesley and controlled the company from 1995 to 1997, Moody repeated that Giacomaro worked only as a consultant in 1998 and 1999.
A letter that is part of the Quirk lawsuit seems to indicate otherwise.
Dated Jan. 12, 1996, the letter is from Avram B. Segall, a Clifton lawyer, to Richard and Alida Quirk in their role as principals of Wellesley before Giacomaro allegedly froze them out.
Segall, who did legal work for Wellesley, wrote that he incorporated the company at the request of Giacomaro. Segall also told the Quirks in the letter that he formed Windham Associates for Dorian Hayes, Giacomaro's second wife. Records on file with the Secretary of State's Office confirm that Hayes created Windham, serving at the time as its sole shareholder.
Asked how Hayes came to form Windham, Moody at first called it "coincidence." He then added "It would have been done as a convenience more than anything else to get the paperwork processed. That's my recollection." He did not elaborate.
Moody, a former investment broker and vice president at Smith Barney, said Hayes worked for Wellesley on a part-time basis several years ago, performing administrative tasks.
Moody said Wellesley hired Harry Mount, Giacomaro's FBI handler, in 1998 or 1999 to serve as director of security. As an FBI agent, Mount had been responsible for meeting with Giacomaro on a regular basis to keep tabs on his information gathering.
Mount, who retired from the FBI shortly before joining Wellesley, declined to comment.
Moody said he doesn't recall how Mount came to Wellesley's attention.
"I don't recall who looked who up," Moody said.
Wellesley and its affiliates, which at one time employed more than 100 people, has recently cut back. Several former executives who were let go have filed suit against the company, seeking hundreds of thousands of dollars promised under employment contracts. Several investors also have filed suit, claiming Wellesley has failed to repay loans.
Moody calls Wellesley a good company that would not have been the subject of so many lawsuits had it not run into problems with the Allied Waste deal, which broke down after the sale of 19 companies. Allied had planned to buy more than 100 smaller firms.
Allied and Wellesley are now locked in litigation, with Giacomaro again a central figure accused of fraud.
Moody claims he did not know until recently about Giacomaro's criminal history. He said he also was unaware of Giacomaro's cooperation with the government.
Whether that cooperation bears more fruit for Giacomaro will be determined at his sentencing next month.
Drewniak, the spokesman for the U.S. Attorney's Office, would not say whether prosecutors will seek leniency for Giacomaro, as his letter of agreement suggests.
Giacomaro's alleged victims say the informant has tasted far too much leniency already.
"This man has caused so many people so much hardship, and it never comes back to him," Richard Quirk said. "He always seems to get away with stuff. It would be nice to see him pay."
...
View user's profile Send private message Send e-mail
Back to top
beemoe
Commission Member


Joined: 07 May 2006
Posts: 845

PostPosted: Thu Sep 10, 2009 3:49 pm    Post subject: From Beemoe Reply with quote

Have you ever read a book called the "Fountain Pen Conspiracy?" That`s what these characters remind me of. Hehehehe
...
View user's profile Send private message
Back to top
Post new topic   Reply to topic    crimefile Forum Index » 23 Wall
Display posts from previous:   
 
 
All times are GMT
Jump to:  

Page 1 of 1


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2002 phpBB Group
Web Hosting Directory
Theme created OMI of Kyomii Designs for BRIX-CENTRAL.tk.

For Support - http://forums.BizHat.com

Free Web Hosting | Free Forum Hosting | Photo Gallery | Free Matrimonial

Powered by PhpBBweb.com, setup your forum now!